Then in the 1960's, a new factor entered into the discussions: the Keynesian view that taxes affect the economy.

The Keynesian view receiving most attention has been fiscal stimulus.

But neither did it confirm the Keynesian view that wide-open deficit spending would lead to uncontrolled inflation.

More commentators, respected organisations and so on need to promote the Keynesian view - people won't change their opinions as things are at the moment.

According to the Keynesian view, a severe recession or depression may never end if the government does not intervene.

What, then, are the implications of an increase in the money supply according to the Keynesian view of the demand for money?

The Keynesian and monetarist views seem to lead to very different conclusions as far as monetary policy is concerned.

We have already established the Keynesian view that an increase in the money supply will lead to the purchase of financial assets.

The Keynesian view implies that the money supply has its major effect on economic activity via the impact of interest rates on investment expenditures.

In the Keynesian view, business cycles reflect the possibility that the economy may reach short-run equilibrium at levels below or above full employment.